The Australian east coast energy market has reached an important juncture as the market grapples with the renewable transition and absorbs the global impact of rising energy prices. Origin Energy's CEO Frank Calibri prediction that, “It's going to get messy”, has arrived.
23 min read
The month of March has been another significant month as Australia has not been immune from the global upward energy price pressures, by experiencing an unparalleled surge in energy costs for the forthcoming Australian winter, which has flowed through to forward prices for the next few years.
23 min read
February 2022 delivered much stronger electricity spot price outcomes and despite global pressures, steady gas spot prices. Next winter forward electricity prices surged and longer dated forward prices rallied driven by recent trends, the Russian invasion, and early power station retirements.
22 min read
January 2022 delivered higher electricity and environmental certificate price outcomes in the NEM, while gas remained immune from the upward global LNG price pressure. An usual high level of baseload outages occurred in NSW, and wetter conditions filled the hydro power water storages.
10 min read
This second part of our Annual Market Report focuses on the Financial aspects of the market by addressing the performance of financial swap and cap derivatives, before assessing environmental certificates. The year of 2021 was a big price mover on all fronts.
12 min read